Great N. Ry. v. Commissioner
United States Board of Tax Appeals
1. In its income-tax return for 1917 the petitioner deducted from gross income the entire expense of operating its transportation service trains, including $422,677.80 appearing upon its books as a credit to "Transportation for Investment-Cr.," and representing the estimated cost of transporting on such trains men engaged in and material used in construction work, which deduction was disallowed by the Commissioner.
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1. In its income-tax return for 1917 the petitioner deducted from gross income the entire expense of operating its transportation service trains, including $422,677.80 appearing upon its books as a credit to "Transportation for Investment-Cr.," and representing the estimated cost of transporting on such trains men engaged in and material used in construction work, which deduction was disallowed by the Commissioner. A revised estimate of such cost is $41,799.45. Held, on the evidence, that no part of the $422,677.80 is deductible from gross income. 2. In 1917 the petitioner paid $4,587.02 as…
1Opinion of the Court
GREAT NORTHERN RAILWAY CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Great N. Ry. v. Commissioner
Docket Nos. 8433, 11850.
United States Board of Tax Appeals
8 B.T.A. 225; 1927 BTA LEXIS 2933;
September 22, 1927, Promulgated
1. In its income-tax return for 1917 the petitioner deducted from gross income the entire expense of operating its transportation service trains, including $422,677.80 appearing upon its books as a credit to "Transportation for Investment-Cr.," and representing the estimated cost of transporting on such trains men engaged in and material used in construction…
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